The EURJPY pair faced sudden negative pressures yesterday after stochastic reached the oversold areas, to force the price to postpone the bullish attack and form negative fluctuation below 123.65.
Note that the stability of the moving average 55 near 123.15 might form additional support by renewing the bullish attempts that target 124.40 followed by 125.40 levels, while crawling below this level will confirm canceling the bullish attempts to start forming negative attack and move towards 122.20 and 121.10 levels.
The expected trading range for today is between 123.15 and 124.40
The expected trend for today: Bullish